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Posted On:  2 years ago


Step for Ease of Doing Business - Clarification on Excise on Jewellery World

Some Important facts of Excise on Jewellary - Path of GST

article author Darshan Jain

Posted On:  2 years ago


CARO 2016 issued by MCA Ministry of Company Affairs effective for Financial Year 2015-16

MCA has issued CARO 2016 on 30 March 2016 which is effective for Financial Year 2015-16. CARO, 2016 is applicable to every company, including foreign company and prescribed Class of Private Limited Company. CARO is not applicable for banking company, insurance company, Company for which Sec. 8 is applicable, One Person Company.

article author CA Chirag Chauhan

Posted On:  2 years ago


Analysis of Deposits by Nidhi Companies

In this article we discuss how much a Nidhi Company can take deposits and from whom. These are the rules and limitations for taking deposits by Nidhi Companies

article author CA Kapil Goel

Posted On:  2 years ago


Mobile Accessories turns expensive

government has also withdrawn exemptions on charger/adapter, battery, wired headsets/speakers etc. usually accompanied by the mobile handsets. This article is an attempt to present the excise duty rates applicable to parts and accessories of mobile handsets.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Now Correct 26QB statement cum challan relating to TDS on sale of property u/s 194IA Online

The Buyer of property has to file Form 26QB for depositing TDS deducted and payment on sale of property. The Buyer has to fill up all the details like property address, name and pan of seller, name and pan of buyer, amount, etc. Now 26QB Correction functionality has been enabled on Tax Payer login -> 26QB -> Online Correction.

article author CA Chirag Chauhan

Posted On:  2 years ago


Last few days to plan your Taxes before march end. Get maximum Tax benefit avoid last minute rush

We Indians have will always wait till last minute for execution. Be it Exam preparation during college days or deadline in office for presentation and lastly for planning and avoiding taxes on Income. Salaried individual who had liquidity for investment has made and submitted proof, however many are still left because they are confused or are not able to make right choice for investment.

article author CA Chirag Chauhan

Posted On:  2 years ago


New Revised Eforms on MCA site w.e.f 27.03.2016

Changes in MCA filing compliances through issue of new eforms on 23.03.2016 which will be effective from 27.03.2016

article author CA Nikesh Sheth

Posted On:  2 years ago


Service tax assesses to file annual return

Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee would reduce substantially and this has been done in case of Central Excise Assessees which is highly appreciated by the trade and industry. However, at the same time, service tax assessees will be required to file Annual Return in addition to the half yearly returns presently filed by them. This has been done by amending Rule 7 of the Service Tax Rules, 1994 which will be applicable with effect from 01.04.2016. This article is an attempt to analyse the probable consequences of the amendment.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Taxation of Business Model for E Commerce – Equalization Levy on Specified Business Transaction

A Committee on Taxation of e-commerce was constituted by Central Board of Direct Taxes (CBDT) to examine the business models for e-commerce. The Report of the Committee was received by the Government and taken into consideration in the preparation of Finance Bill, 2016. This Report provides the view of the Committee on issues related to taxation of e-commerce & recent international developments in this area.

article author CA Chirag Chauhan

Posted On:  2 years ago


Profiting through Branding – A Saffron Story

How branding can help sell the same product at different prices

article author Sarthak Bhansali

Posted On:  2 years ago


How bank loan defaults affects common man?

INR 9000 crore Kingfisher bank loan default became eye opener for entire banking sector and also industrialists. Point to be noted here is not only this large institutions affected by this even common man get affected by this defaults.

article author CA Nikesh Sheth

Posted On:  2 years ago


THE MIDDLE MAN PARADISE

How hoarders and traders are benefiting in the current market scenario explained though WPI and CPI parameters

article author Sarthak Bhansali

Posted On:  2 years ago


Highlights of Maharashtra Budget 2016

Highlights of Maharashtra Budget 2016

article author Sumit Gupta

Posted On:  2 years ago


Change in Interest rates on Small Savings Scheme.w.e.f. from 1st April 2016

This article will give you information about the latest amendments in interest rates of various small savings scheme. The following are the various types of small savings scheme:

article author CA Chirag Chauhan

Posted On:  2 years ago


Cost Inflation Index as per Income Tax

Cost Inflation Index (CII) is necessary for computation of long term capital gains in case of sale of capital asset as per Income Tax Act. It comes under Section 48 of the Income-Tax Act.

article author CA Chirag Chauhan

Posted On:  2 years ago


Setting Up a Partnership Firm

It is easy to start a firm; the registration process is fairly simple compared to registering a private limited company. The registration of firms to be done at Registrar of Firms (ROF) under the provisions of Indian Partnership Act, 1932

article author CA Akshay Joshi

Posted On:  2 years ago


Limited Scrutiny selected under Computer Assisted Scrutiny Selection

At present, income tax return filed by tax payers are mostly accepted by income tax department without any questions except processing and sending intimation u/s 143(1) of income tax Act. In a very small percentage of cases scrutiny assessment are conducted u/s 143(3) of the income tax act and cases for this purpose are selected through Computer Aided Scrutiny Selection (CASS)

article author CA Akshay Joshi

Posted On:  2 years ago


TAN – Facts We should Know

TAN or Tax Deduction and Collection account number is a unique ten digit alpha-numeric number required to be compulsorily obtained by all persons who are responsible for deducting or collecting tax at source on behalf of Income Tax Department.

article author CA Akshay Joshi

Posted On:  2 years ago


Guidelines for implementation of Transfer Pricing provisions

Dear Reader, The Central Board of Direct Taxes (CBDT) has issued guidelines for implementation of Transfer Pricing (TP) provisions (Instruction No. 03/2016, dated: March 10, 2016) replacing the earlier Instruction no. 15/2015 dated 16.10.2015. The instruction is applicable to both International Transaction (IT) and Specified Domestic Transaction (SDT).

article author Vispi T. Patel

Posted On:  2 years ago


Section 2(14) of the Income tax act- Capital Asset Definition, Inclusion and Exclusion

This provision under the Income tax act gives the definition of capital asset, what must be considered under capital asset and what must not be considered under capital asset. Capital Assets are not distinguished between personal or business both are considered as capital Asset b According to the provision capital asset means property which held by a person whether the asset is related to the business or the asset is a personal property. It includes all kinds of property whether movable or immovable, tangible or intangible, fixed or floating. Thus plant & Machinery,

article author CA Chirag Chauhan